Page 38 - Startups

Flipkart bolsters gaming strategy, acquires gaming startup Mech Mocha

Walmart-owned company sees strong trend of casual gamers going on to become early shoppers

This techie's app gives you a 'Doosra' mobile number to bowl spammers out

The app a dummy, virtual mobile number you can use instead of your original, to fend off spammers and telemarketers, thereby reducing the risks of getting defrauded as well

Startups, SMEs most vulnerable segment in India to cyberattacks: Report

The eBook not only reveals key findings of cybersecurity vulnerabilities in the Indian startup & SME ecosystem but also recommends best practices to avoid the same

Stride Ventures to fund 10-15 startups by March 2021 to complete 1st fund

Keen to promote venture debt as a significant tool for startups to access capital, Stride Ventures is planning to fund 10-15 companies over the next few months to complete its maiden fund. Stride Ventures has already sanctioned Rs 115 crore worth of debt funding across 10 startups in the country including SUGAR Cosmetics, Miko and HomeLane. "We hope to have 16-18 companies in our portfolio by December (including the 10 already announced) and 20-25 companies by the end of March 2021 - which will mark the completion of our first fund. We have already recognised 6-7 of these additional companies," Stride Ventures founder and Managing Partner Ishpreet Gandhi told PTI. He added that the company typically funds startups in the edu-tech, agritech, consumer, logistics and healthtech sectors. "The original plan was to invest about Rs 300-350 crore in total, but we may exercise a green shoe option of another USD 20 million (about Rs 146.7 crore). We invest about Rs 15 crore on average and th

Indian Bank ties up with IIT-Madras to lend up to Rs 50 crore to start-ups

Funding to be done under 'IND Spring Board' initiative for both working capital and fixed asset purchases

Temporary impact on investment flow to India due to govt curbs: CEA

There will be a temporary impact on investment flow to start-ups due to curbs imposed by government to stop opportunistic takeover by firms from countries with which India has tensions, CEA said

Developing ecosystem for setting up 10,000 start-ups: Uttar Pradesh govt

Uttar Pradesh has created a Rs 1,000 crore 'Star-tup Fund' with Small Industries Development Bank of India

Top headlines: Infosys Q2 profit soars 20.5% YoY, SC on loan moratorium

From InfosysQ2 net profit beating estimates, SC asking govt to prepare an action plan on compound interest waiver by Nov 2, Business Standard brings you top news of the evening

Start-ups offer a chance to network with industry leaders as mentors

Singapore-based Tigerhall, for instance, allows people to become members of an influential group and then depending on their career goals, matches them up with a suitable mentor

Six Indian startups that beat the pandemic to become unicorns this year

Three unicorns have emerged in fintech space and one each in software, edtech and beauty space. A unicorn is a privately held startup that is valued at $1 billion or more

How Indus OS could challenge Google's dominance in the app store space

Today the start-up, launched by three IIT Bombay alumni seven years ago, claims to be the largest indigenous app store with a user base of over 100 million

Anand Mahindra joins other investors to back robotics start-up Genrobotics

Kerala-based enterprise has been working to eradicate manual scavenging, raises Rs 2.5 cr in pre Series A round

Park+ eyes jump in downloads as cities reopen, public places resume ops

The app allows the users to discover a parking space

UP plans vertical factory complexes to meet land crunch, promote start-ups

Initially, such complexes, which will be apartment like structures consisting of several storeys, will come up in Gorakhpur, Ghaziabad, Agra, Lucknow

Google defers Indian in-app fees by 6 months after angry startups complain

Startups were upset about the commission fee and also criticised several other Google Play Store policies for hurting their businesses

Street signs: HNIs in the dock, Google threat for listings biz, and more

High net-worth individuals' (HNIs') wager on the Mazagon Dock Shipbuilders IPO will pay off if the shares of the state-owned company more than double during the trading debut

Paytm, other startups vow to fight 'big daddy' Google's clout: sources

Setting the stage for a potential showdown, entrepreneurs held two video conferences this week to strategise

Homegrown startups take on Google, Facebook for 'India's digital dreams'

The Indian group is considering lobbying with the government to have global technology companies such as Google and Facebook become "local"

Indian startups raised up to $63 billion since 2016, spawn 27 unicorns

The startups ecosystem has raised as much as $63 billion in growth capital between 2016 and 2020, when they spawned 27 unicorns

Startup incubated at IISc develops RT-PCR Covid-19 diagnostic kit

The kit is an easy-to-use, multiplex RT-PCR kit with 100 per cent specificity, and its run time is relatively short when compared with the kits available in the industry, according to the startup